Furthermore, the usage fee of Binance is very cheap in my opinion compared to some other similar services. You can also use Binance's coin BNB to receive discount on transaction fees.
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Pros
What I like most about Binance is its popularity and reputation. Currently Binance is the largest crypto exchange in the world, so I am completely comfortable using it to trade bitcoin as well as store some other types of altcoins
Cons
What I don't like about Binance is that it does not support fiat currencies, so you need to buy cryptocurrencies elsewhere then transfer them to Binance to be able to use them. This for me is quite inconvenient.